Why follow Euro pairs closely? Being one of the biggest economies in the world, Euro has a significant impact on other currencies. When forex markets are in highly volatile conditions, many a times the dominant factor is one of the following 4 currencies – US dollar, Euro, British pound or Japanese yen. These currencies have an […]

Yen weakness contrary to expert opinion? Safe haven has been the buzz word among traders, specially after the Brexit polls. Gold, silver, other precious and non-precious metals, commodities and the Japanese yen were supposed to be ‘safe haven’ instruments. Just one month after the Brexit polls, JPY is looking extremely bearish. May be the “people” were referring

Elliott wave analysis is the most fascinating method to forecast the waves and the direction of any instrument. Elliott developed the wave principle as a tool to understand the current market position of the price. But Elliott wave analysis also can provide important clues about the immediate future. USD Index USD Index chart waves are not labelled, but as you can

Is the Cable in a free-fall? Gbpusd was in corrective wave for more than two weeks, since the Brexit debacle. Finally the pair managed to break out of the corrective structure to the downside, as expected. Our initial expectation was for an ABC correction with a C wave to reach as high as 1.34000 levels. In

Will EUR experience further decline? Eurusd is in a vulnerable position after the unexpected Brexit vote on 24th. While nearly half of the British voters wanted to keep their identity as a “European” superpower, it just wasn’t enough to keep Britain in the EU. Not only both currencies (EUR and GBP) are expected to go through a turbulent period,

AUDUSD structure breakout trade setup was spotted on H4 time frame. Given the market volatility today, especially with the USD tanking so much, this might come to you as a surprise. But the thing with structures and breakouts is that you don’t want to miss when opportunities present itself. One of my strategies in relation

EURUSD – what next? is the question of most traders these days. No offense, but I felt sorry for all the fundamental traders. All that buzz of NFP – a high impact monthly news event, and you only get a measly 80 pip move; even that, as a correction of the main weekly move? Sorry

NZDUSD short trade set up – we have been waiting for this trade for some time now. If you did not read the earlier post about the wave count and expectation of a NZDUSD short trade, you might want to read – How to trade using Elliott Waves. The correction did not end last week. So we